56 Single Family Residential Homes, Condos and Land Located in Lakewood, NJ to Be Sold at Auction

. March 7, 2008

MELVILLE, N.Y. – Charles A. Stanziale, Jr., as Chapter 11 Trustee of Solomon Dwek, Debtor, et al, has announced an auction of 56 single family homes, condos and land located in Lakewood, NJ. Keen Consultants – The Real Estate Division of KPMG Corporate Finance LLC, has been retained as the Trustee’s Special Real Estate Consultant and has been assisting the Trustee with the disposition of all of Mr. Dwek’s real estate assets. MSL Management of Lakewood, NJ is being retained as the Trustee’s local representative in the auction sale.

“There has been a great deal of interest in the Dwek assets. The April 2nd auction gives buyers a great opportunity to purchase the available properties through a simple, straightforward process and on excellent terms. All properties will be sold on the auction date,” said Craig Fox, Director, KPMG Corporate Finance LLC. “Parties interested in bidding on the Lakewood residential properties should contact Meir at MSL Management (732) 364-5938 ext. 104 or our office at the number below. Information regarding these properties can also be found on our website, www.keenconsultants.com,” Fox added.

On March 2, 2007 Charles A. Stanziale, Jr. was appointed Chapter 11 Trustee of the Solomon Dwek bankruptcy and related cases by Kelly Beaudin Stapleton, United States Trustee, Region 3. As Chapter 11 Trustee, Mr. Stanziale has been overseeing the sale and disposition of a 240+/- portfolio of real estate owned by Solomon Dwek and related entities. To date, approximately 59 properties totaling $71,000,000 in gross proceeds have been sold or are pending closing.

For more information regarding the disposition of the Solomon Dwek Real Estate Assets, please contact Keen Consultants/KPMG Corporate Finance LLC, 1305 Walt Whitman Road, Suite 200, Melville, NY 11747, Telephone: 631-351-7800, Fax: 631-794-2464, Email: cafox@kpmg.com, Attn: Craig Fox.

Category: Auction News

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